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20130209
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Search Results 0 to 23 of about 24 (some duplicates have been removed)
threatening to vote against raising the debt ceiling. if congress didn't act by august 2, the federal government would be unable to pay its bills. >> in 2010, when all these republicans were running for congress, ma of em awed tea partiers and the rest of them riding the tea party wave, the subject of the impending debt ceiling came up frequently and virtually all of them campaigned saying... pledging not to raise the debt ceiling. >> narrator: early on, republican freshmen attended orientation sessions. republican strategist frank luntz ran one of them. >> and i asked the question, how many of you are going to vote for the debt ceiling? and only three or four of them raised their hands. and i said, if you vote for the debt ceiling, the people who put you in office are going to knock you out. >> if you vote for the debt ceiling, you're voting for your own death certificate, political death certificate. >> narrator: for his part, the president decided to try something new: personal politics. he figured he could connect to the republican leader, john boehner. >> obama told his staff, jo
off the debt ceiling fight they'd be able to take control of this issue. >> let's play what mitch mcconnell said just yesterday slamming the democrats for floating new revenue proposals. >> this is just another opportunity to trot out the democrat focus group approved policy stunt. if this is another fake fight designed by the white house to push us to the brink, then republicans are really not interested in playing along. >> molly, another fake fight. as it was described by mitch mcconnell there. but we know when you look at polling and watched since the end of the year, the polls show it's republicans who come up short where people believe they're presenting the fake fight, at least some of the polling. >> well, it is interesting to hear mcconnell describe it as focus group approved. they believe public opinion on their side and if there is what is viewed as gridlock and dysfunction in washington, republicans are blamed by that. i think the white house concluded, looking back on the last four years, that every time republican sort of faint and clutch their pearls about my gosh, he'
you go to 2011 and see that seven months was dedicated to arguing about the debt ceiling. the debt ceiling, which does not one thing to add to the budget deficit. not one nickel of spenning, it's agreeing to pay the bill. we waited seven months and threaten ord credit rating. the american people are sick of that. they want action. they want their taxes low, as we just saw happen reinly in avoiding the fiscal cliff -- which came as i might add through bipartisanship. the republicanses came through with the table to what obama proposed and he compromised with raising it to the $4,000 level. that's the action that people want to see. >> speaking of our president, he said during obamacare, oh, you're premiums wouldn't be raised. sorry, david. that's exactly what we are seeing -- >> when 2014 comes along -- [overlapping dialogue] >> americans are not able to keep their health insurance. another thing the president promised. >> i have to say, after an absence of david being out, with personal issues and health issues, we are glad to see you back. >> it's a pleasure to be back. >> happy t
with this recent debt ceiling vote. i think, basically, business is going to have to come forward like with regard to the debt ceiling and say look, you can't do this. you are going to wreck the economy of the united states and wreck the economy of the world. i'm hoping that we won't get there. but, alex, i have to tell you, it would not shock me if we do. >> okay. let's switch gears. on the heels of the senate confirmation hearing for chuck hagel, has the political climate changed with the new members of congress on board? >> well, you know, with regard -- first of all, with regard to chuck hagel, the media basically reported that he got beaten up pretty bad. i didn't see it that way. i thought he held his own. i anticipate that we will have a lot of motion, commotion and emotion but chuck hagel will be confirmed. he'll do a great job. after all, the president should have the persons he wants to carry out his policy. i think that will be the case. with regard to the new congress, we have to have a wait and see situation. the number of tea partiers lost their seats. they're still a strong force in
the debt ceiling in 2011. >> but they now say it was the president who is responsible. >> exactly. they voted for this. >> and paul ryan runs a marathon in less than one hour. >> i thought it was like 20 minutes. he's superman. this is what they wanted. >> of course. congressman, here is another apparent contradiction you might like to clear up for us. on the one hand, you have eric cantor out there giving a speech on making life work. he sounds like tony robbins or something. he's trying to sell yet another iteration of the republican party, but when you strip away the soft smile and the cadence, he'd happily slash every one of those programs that you just went through, wouldn't he? >> oh, absolutely. eric cantor despite all of the covering in the near is definitely proposing budgets that are hostile to middle and low income people. and particularly to vulnerable people, but not only that, you know, programs like s.n.a.p. actually give people money they can spend at the store that allows the store to hire people. eventually the programs they cut will hurt the people who are emplo
've sat in the chair whether it's debt ceiling, sequester. we have got to stop inflicting wounds on this economy. it is political malpractice. >> indeed, it is. jared bernstein and dana milbank, thank you so much. >> thank you. >>> much more ahead, but first a lighter moment with the president as he announces his latest cabinet pick. >> when sally's confirmed, i'm willing to bet that she will be the first secretary of the interior who frequently hikes and once spent a month climbing mountains in antarctica which is not something i'd do. because it seems like it'd be cold. and i was born in hawaii. ♪ [ man ] ring ring... progresso this reduced sodium soup says it may help lower cholesterol, how does it work? you just have to eat it as part of your heart healthy diet. step 1. eat the soup. all those veggies and beans, that's what may help lower your cholesterol and -- well that's easy [ male announcer ] progresso. you gotta taste this soup. [ babies crying ] surprise -- your house was built on an ancient burial ground. [ ghosts moaning ] surprise -- your car needs a new transmiss
the 2011 debt ceiling disaster, and it is $1.7 trillion in cuts. there is not a dime of new revenue there. here is the chart when you add the $737 billion in new revenue agreed to during the fiscal cliff deal. republicans are winning the battle, wouldn't you say, when it comes to balancing? over two-thirds of deficit reduction has come from cuts to domestic programs, and it's not exactly fair. but now the house progressive caucus has come out with what they call the balancing act. it's a common-sense plan to reduce the deficit by closing tax loopholes and cutting wasteful defense spending. here is the chart of the plan. there is $1.7 trillion in new revenue. the $1.7 trillion in spending cuts is still there. this looks like a much fairer chart than the current system, don't you think? and it's estimated to reduce the deficit by $3.3 trillion. remember, we're trying to hit $4 trillion. so we're getting closer. the plan ends tax loopholes for yachts and for jets. it reduces the corporate meal and entertainment deduction to 25%. you can't write off the whole dinner anymore. it ends fossil fu
sandy. >>> say farewell to the old fiscal cliff and debt ceiling and get used to this word. sequester. it hit in march i
, are we going to shoot ourselves in the foot and not raise the debt ceiling? or not come to an agreement on varies things is one of the main things that can derail us. i'm more nervous about europe than some people. interest rates are down in some of the most troubled countries and their troubles are still there. we still have a risk to the economy. i don't see us heading off to a robust, fast recovery. i think 2013 will be better than 2012. i wish i could tell you that it would be really good because that's what we need. >> i don't call myself an economist. i specialize in economic policy. i try to be a good consumer of other forecasts. one thing i learned from that is frankly i don't trust any macro forecast that goes beyond six months. i don't think -- they are just guessing beyond that. i think we probably -- at least i would have similar reactions. i am still concerned about the risks posed by europe. i'm still quite concerned about the risks from things heating up in the middle east. the u.s. economy is repairing itself. we don't have at significant housing drag that we did a year
and they will take six months and a question we all have why does it take six months? good-bye fiscal cliff and debt ceiling, hello to the efforts of delay or suspend the "s" word, the sequester, that automatic defense and spending cut mechanism that's set to take effect on march 1st. on tuesday president obama went public for the first time in a while with his opening offer on the budget battles ahead, and today he goes behind closed doors with senate democrats in their retreat in annapolis to strategize and preview his state of the union addressch the white house wanted to send two messages with the president's visit to briefing room yesterday. one, that the burden of shutting off the sequester is on congress. >> if congress can't act immediately on a bigger package, they should at least pass a smaller package of spending cuts and tax reforms that would delay the economically damaging effects of the sequester for a few more months. >> secondly, the white house wanted to signal how they would like to see the rest of these budget negotiations go in 2013, not with one-on-one deal-making but passed th
agreed to during the 2011 debt ceiling disaster, and it is $1.7 trillion in cuts. there is not a dime of new revenue there. here is the chart when you add the $737 billion in new revenue agreed to during the fiscal cliff deal. republicans are winning the battle, wouldn't you say, when it comes to balancing? over two-thirds of deficit reduction has come from cuts to domestic programs, and it's not exactly fair. but now the house progressive caucus has come out with what they call the balancing act. it's a common-sense plan to reduce the deficit by closing tax loopholes and cutting wasteful defense spending. here is the chart of the plan. there is $1.7 trillion in new revenue. the $1.7 trillion in spending cuts is still there. this looks like a much fairer chart than the current system, don't you think? and it's estimated to reduce the deficit by $3.3 trillion. remember, we're trying to hit $4 trillion. so we're getting closer. the plan ends tax loopholes for yachts and for jets. it reduces the corporate meal and entertainment deduction to 25%. you can't write off the whole dinner anymo
for cuts. here is a chart of the spending cuts the democrats and republicans agreed to during the 2011 debt ceiling disaster, and it is $1.7 trillion in cuts. there is not a dime of new revenue there. here is the chart when you add the $737 billion in new revenue agreed to during the fiscal cliff deal. republicans are winning the battle, wouldn't you say, when it comes to balancing? over two-thirds of deficit reduction has come from cuts to domestic programs, and it's not exactly fair. but now the house progressive caucus has come out with what they call the balancing act. it's a common-sense plan to reduce the deficit by closing tax loopholes and cutting wasteful defense spending. here is the chart of the plan. there is $1.7 trillion in new revenue. the $1.7 trillion in spending cuts is still there. this looks like a much fairer chart than the current system, don't you think? and it's estimated to reduce the deficit by $3.3 trillion. remember, we're trying to hit $4 trillion. so we're getting closer. the plan ends tax loopholes for yachts and for jets. it reduces the corporate meal and ent
and whether or not to raise the debt ceiling. so here's the key actor. >> host: is he a strong leader? >> guest: i think it was much more powerful figure by the force of his personality, gingrich was a more creative thinker. boehner on the other hand understands strengths and limitations. he's a likable person. it's appropriately cautious and they think is actually that the republican party through some difficult times here in the last couple months and when i most encouraged about this the way he navigated republicans away from what would've been a disastrous debate what the president overgrazing at the ceiling. if republicans had time to this issue and said, you know, were not going to raise the debt ceiling unless at a certain amount of cuts, they would've caved in the end, would've been disastrous, much like what the fiscal cliff and i think boehner and right together did a very nice job convincing republicans that you can't govern from the house, but sure to be careful about getting into these high-profile, high-stakes, last-minute negotiations with the president. it worked in th
president has ever had -- what president has ever had the hostage-taking of the debt ceiling so you can't write a budget if there are individuals in the congress that won't do the normal business which is to raise the debt ceiling so that the american people can be taken care of? as we speak, however, the president has introduced today a short-term fix to avert the sequester. the democrats have offered a way of avoiding the sequester. we have nothing from the republicans except a resolution that says a request for a plan. the very plan that the president knows by law he's going to submit as long as he knows what is the amount of money we have to work on and of course the budgeting process is going through the house, the chairman of the budget, mr. ryan, the ranking member of the budget, mr. van hollen. we all know the regular order. we are going to do our work. but putting us on the floor today and ignoring what we should be doing, i'm saddened that my amendment that indicated i wanted to make sure that the most vull vulnerable in any budget, -- vulnerable in any budget, 21% of our nati
fighting with republicans over the idea of raising the debt ceiling. guess what? it's time to pay the piper. >>> it's been delayed once. the president can argue all the bad things will happen and the food will be unsafe and the nuclear weapons will get lost in russia or whatever else he'll say, but eventually this is a problem that can't just be outrun. >> well, and the white house, at least the president's version of the story is he didn't come up with sequester and there are questions as you mentioned about jack lew being the man who came up with this, that there's some connection to the administration. he said congress came up with it, it's their fault, they have to deal with it. something else he may talk about today is essentially this theme that the economy is poised to start growing this year. we know it didn't grow. in fact, it went in reverse the fourth quarter of 2012 and unemployment went up last week, so where are the green sprouts of growth? >> well, we've seen this movie before, haven't we? every time it looks like things are getting ready to go, there's another problem and th
Search Results 0 to 23 of about 24 (some duplicates have been removed)